By EconMatters
We discuss the Tech Earnings and the Gap Ups in the Market Opening today in this video, very reminiscent of the Tech Bubble Days in Financial Markets. It is obvious that Central Banks are way behind the interest rate hiking curve, we should be 300 basis points or 3% higher across the board in global interest rates. The run-up in these Tech Stocks prior to earnings and then the additional crazy gap ups considering what has already been priced into these stocks the entire year just screams bubble liquidity conditions. Hello, Central Banks I have found your elusive inflation that you are working so hard to find! Just check out the latest Shiller PE Ratio also known as the Cyclically Adjusted PE Ratio (CAPE Ratio) for your historical Bubble Reference Point.
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